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Cargill in talks to sell two European soy crushing plants

LONDON - Agricultural commodities trader Cargill Inc is in talks to sell two crushing plants in Western Europe, sources with knowledge of the matter said.

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Forum News Service file photo.

LONDON - Agricultural commodities trader Cargill Inc is in talks to sell two crushing plants in Western Europe, sources with knowledge of the matter said.

The assets included a soyabean crushing plant of around 600,000 metric tons capacity per annum in the Dutch city of Amsterdam, as well as a soyabean and rapeseed crushing plant of around 300,000 metric tons capacity in Brest, France.

"At any one time, Cargill is assessing a number of initiatives to progress its business strategy. It is our policy that we will communicate as and when there is something definitive," a Cargill spokeswoman said.

Two sources said rival trade house Bunge was interested in buying the assets.

Bunge did not respond to requests for comment via phone and email.

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Cargill and Bunge are amongst the world's top oilseed crushers.

Bunge recently boosted its oilseed crushing capacity via its acquisition of a majority stake in German company Walter Rau.

Privately held Cargill launched a restructuring last year, as global agricultural companies came under pressure from slumping commodity prices, slowing demand in China and weakness in emerging markets. 

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